HollyFrontier Corporation (HFC) Director Sells $200,250.00 in Stock

HollyFrontier Corporation (NYSE:HFC) Director Michael Jennings sold 4,500 shares of HollyFrontier stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $44.50, for a total transaction of $200,250.00. Following the completion of the transaction, the director now directly owns 49,717 shares in the company, valued at $2,212,406.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

HollyFrontier Corporation (HFC) opened at $44.25 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.00 and a quick ratio of 0.98. The stock has a market cap of $7,844.33, a price-to-earnings ratio of 28.55, a price-to-earnings-growth ratio of 2.04 and a beta of 1.30. HollyFrontier Corporation has a 12 month low of $23.46 and a 12 month high of $45.33.

HollyFrontier (NYSE:HFC) last issued its earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.89 by $0.25. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier had a net margin of 2.55% and a return on equity of 5.18%. The business’s revenue was up 30.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 EPS. equities research analysts anticipate that HollyFrontier Corporation will post 2.17 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.32 annualized dividend and a dividend yield of 2.98%. HollyFrontier’s payout ratio is currently 69.47%.

A number of equities analysts have recently commented on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $38.00 target price on shares of HollyFrontier in a report on Friday, November 17th. Macquarie reaffirmed an “underperform” rating on shares of HollyFrontier in a report on Monday, October 23rd. Barclays boosted their price objective on shares of HollyFrontier from $47.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, November 14th. Argus raised shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Monday, November 20th. Finally, BidaskClub raised shares of HollyFrontier from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $38.59.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC purchased a new stake in shares of HollyFrontier during the 3rd quarter worth $3,704,000. California Public Employees Retirement System boosted its position in shares of HollyFrontier by 1.7% during the 3rd quarter. California Public Employees Retirement System now owns 736,735 shares of the oil and gas company’s stock worth $26,500,000 after purchasing an additional 12,435 shares in the last quarter. Caxton Associates LP purchased a new stake in shares of HollyFrontier during the 3rd quarter worth $4,424,000. Vident Investment Advisory LLC boosted its position in shares of HollyFrontier by 14.1% during the 3rd quarter. Vident Investment Advisory LLC now owns 94,715 shares of the oil and gas company’s stock worth $3,407,000 after purchasing an additional 11,684 shares in the last quarter. Finally, Cowen Inc. boosted its position in shares of HollyFrontier by 299.6% during the 3rd quarter. Cowen Inc. now owns 52,100 shares of the oil and gas company’s stock worth $1,874,000 after purchasing an additional 78,200 shares in the last quarter. Institutional investors own 83.31% of the company’s stock.

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HollyFrontier Company Profile

HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).

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